Jazz Posted Robust Revenue Growth in 1Q17

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Jazz which was previously known as Mobilink recently announced results for the first time after merging Mobilink and Warid company they said the company generated 38.7 billion PKR in revenues in first quarter of 2017 increased up to 5.08% compared to the last year’s revenue of both companies which were 36.8 Billion last year same quarter.

The company also said the revenue growth is supported by all revenue streams in particular data revenue which is grown by 29% YoY due to growth in data customers. The total data revenue reached at 5.2 Billion PKR during this quarter.

Jazz Posted 5.4% Revenue Growth During Q1 2017

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Jazz said they managed to close the quarter with a whopping 52.5 million customers from 48.3 million years ago it shows us the 8.7% growth in company’s users.

Underlying EBITDA margin, excluding PKR 0.6 billion of restructuring costs related to both performance transformation and the Warid integration, was 43.4% in Q1 2017, improving by almost 4 percentage points year on year.

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SEE ALSO: Jazz Internet Packages | Jazz Call Packages

Capex increased to PKR 3.6 billion in Q1 2017 while the LTM CAPEX to revenue ratio decreased to 17.7% in Q1 2017 and the operating cash flow margin was 34%.

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At the end of first quarter, the 3G was offered in more than 350 cities while 4G/LTE was provided in 50 cities.

Jazz’s Average Return Per User stood at the 231 PKR/month while the voice usage in minutes per user per month were 609.

According to company’s reported data, the usage of data per user per month remained at 465MBs/month which is a bit low but still, it is 20170 terabytes per month (assuming 50 million customers).

Financial highlights for the quarter are given below:

Jazz revenue report

Let us know what do you think about the revenue generated by the company in the first quarter of 2017 in the comment section below.

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07eb062daa4934b44ff797d5099d61ea - Jazz Posted Robust Revenue Growth in 1Q17
Muhammad Irfan Raza
Irfan Raza is Editor at TechWafer covering Everything about Apple including Mac, iPhones, iMac, iMac Pro, MacBook, and How-tos.

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